BTC Bulls Challenged The $66K While The Crypto Markets Recovers

The BTC bulls challenged the $66K price range with the entire crypto market recovering $100 billion in one day and ETH managed to go past $4700 so let’s take a closer look at today’s bitcoin latest news.

Following a few days of the unstable price developments, Bitcoin finally went on the offensive and challenged $66,000 with most other altcoins being in the green as well with ETH reclaiming $4700 and SOL trading above $240. even since last week’s record of $69,000, the BTC landscape was quite harsh with the cryptocurrency failing to continue upwards and losing about $7000 in the upcoming days. This ended up in a harsh drop to a new weekly low of over $62,000 during the weekend. Bitcoin attempted a slight recovery on Sunday and touched $65,000 before the bears pushed it south again to $63,500.

The BTC bulls challenged the $66K price range once more as Bitcoin started to appreciate in value rapidly. It added a few thousand dollars in a few hours and exceeded $66,000 where it is now situated. The market cap for Bitcoin increased back to $1.250 trillion while the dominance over the altcoins hovers above 43%.  The alternative coins suffered in the past few days as well with ETH slowing down below $4500 but then, the second-biggest altcoin gained more than 3% in the past 24 hours and reclaimed $4700.

Solana’s rise was similar to the one of Ethereum. SOL stands above $250 and Ripple, Cardano, Binance Coin, and SHIB are also in the green again. Litecoin added another 9% in value in one day and surged above $270 with CRO gaining the most of the top 20 coins with a huge 25% surge to $0.50. on the contrary, Doge got down by 2.4% and Terra remain still. Further price gains were evident from WAX as it increased 34%, TRON increased by 13%, Vechain by 11%, Telcoin by 10%, and ANKR by 20%. The crypto market cap recovered as well by $100 billion in one day and went above $3 trillion according to the data from Coingecko.

We recently reported that The positive market momentum during last Monday morning’s Asian Trading sessions resulted in a gain of 3.1% for the total market cap. According to analytics website CoinGecko, it pushed it to a new all-time high above $3 trillion at the time of writing. The total market cap paints a new high above $3 trillion as it increased 8.4% over the past 14 days and 25.5% over the past 30 days which means that since the start of 2021, it surged to a stunning 284% from $775 billion at the beginning of the year.

Source: https://www.dcforecasts.com/bitcoin-news/btc-bulls-challenged-the-66k-while-the-crypto-markets-recovers/